Is it necessary to file 15CA and 15CB kinds electronically?

My brother, an NRI dwelling within the US, not too long ago disposed of his property. Subsequently, revenue tax and capital positive aspects tax computation have been finished and accordingly the IT workplace made a refund. Now, the proceeds of sale have to be repatriated to his account within the US. Our chartered accountant instructed that we file kinds 15CA and 15CB for this. 15CA needs to be submitted by my brother, which requires e-verification by way of EVC code. This is generated by the use of a One-Time Password (OTP) despatched to the cell quantity that’s linked to Aadhar. OTP will also be despatched to the cell quantity linked to the registered checking account. In each instances, this quantity needs to be an India cell quantity. 15CB can be submitted by our chartered accountant. As my brother doesn’t have an India cell quantity, is it necessary to file it electronically? Alternatively, can it’s filed in a tough copy to the ITO for e-verification.

—Sridhar Mandayam

Under the India Income-tax regulation, Form 15CA/15CB is required to be filed electronically on the income-tax portal. The kind could also be e-verified by way of a digital Signature or by way of Aadhaar OTP, or an Electronic Verification Code generated by way of internet banking facility of specified banks in India, validated Bank Account in specified banks in India or validated demat account in India .

In your case, in case you are dealing with points with OTP for Aadhaar or checking account, chances are you’ll go for digital signature or internet banking facility to e-verify the shape. This doesn’t require OTP to be generated on Indian cell quantity for verification. Refer to the under hyperlink on the varied strategies of e-verification https://www.incometax.gov.in/iec/foportal//help/how-to-e-verify-your-e-filing-return.

If the above choices aren’t possible, chances are you’ll file an internet grievance with the IT authorities to permit OTP to be despatched to a different cell quantity or worldwide cell quantity.

Sonu Iyer is tax companion and folks advisory companies chief, EY India.

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